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FOX Business
Dec 4, 2013 6:00pm EST
again, throwing tax dollars is not solving it. >> thank you. gerri: unbelieveable, right, own carry mess goes on. and now more disturbing news for your healthy, fda warning some defidefibrillators made by phils medamedical system may fail. i have to tell you, i think this story is appalling, so many machines and only now federal government waking up saying we need to fix it, get out tell people that machine macs may not work. they may be -- you may be having a heart attack, it supplies to you, you are not rhesus started. where is the government been? what about something simple like this. >> you know, interestingly, fda just this year, finally passed new legislation that they will regulate deeibrillators like other medical devices, however all these bits and pieces are just now coming together, over 400,000 americans die suddenly every year, that is more than all types of cancers combined, if you have a defibrillate or deployed, 70% survive without one, less than 5%. >> how big is this problem with these machines not working? why are they? how many are there? >> this particular i did fib
FOX Business
Dec 4, 2013 11:00pm EST
there what this administration is going to try to do on tax policy, people are puttg their money in gold overseas, and they don't trust this administration. so -- >> the world has the same view. they say through this "forbes" study businesses that world is their oyster, they can park their money or businesses or plans anywhere they do not see us fitting into that tragedy, ireland, yes, u.s., no. >> absolutely. and a flick of your on a keyboard, you can invest, put your money, run a business overseas from sitting at home, and if you don't know what your stability is and the economic consequences of political actions here, you put your money someplace else. we're stagnant. neil: amazing, thank you dennis hastert. uncle sam, have a pint and drown your sorrows, ireland and others are doing better. but we want to pursue why these countries are the draws and we are not, that is what is important, i want to focus on why that is the case. after this. as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from
FOX Business
Dec 6, 2013 11:00pm EST
the gasoline tax? >> you account for $42 billion, can you sell out for me where that has gone? >> it accounts for the hundreds of billions that were already forking over things like this. shouldn't we apply and it is a sign that funds are tight? also, where all the funds have been going thus far. apparently not into as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with the spark cascard from capital one, i get 2% cash back on ery purase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, larry! what's in your wallet? every day we're working to and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest moren the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the la
FOX Business
Dec 7, 2013 6:00am EST
gasoline tax? >> you account f can you sell out for me where that has gone? >> it accounts for the hundreds of billions that were already forking over things like this. shouldn't apply and it is a sign that funds are tight? also, where all the funds have been going thus far. i take prilosec otc each morning for my frequent heartburn. because you can't beat zero heartburn. woo hoo! [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight yes. one pill each morning. 24 hours. zero heartburn. neil: this is one of my favorite conversations, if you can call it that. the awkward dynamics of president oba and president putin of russia. this is not going to go well. the u.s. government accusing russian diplomats as scamming americn dollars. they don't like putin-care, but they do like obamacare. at the it's the same program that many want to expand. but they don't look at where they have been throwing them. dam, it's good to see you. >> it's good to see you as well. >> would he make of this? >> i think that this is an example that many finally
FOX News
Dec 2, 2013 12:00pm PST
. there are a lot of deals but many of the customers are committing tax evasion. you see, online retailers don't always charge state sales tax which leaves it up to the customers to pay the sales tax, and believe it or not apparently allot of -- a lot of us don't do that volunteerly. a recent congress recall report estimates the losses are $11.5 billion per year. in fact the supreme court just hours ago declined to take up a question whether retailers like amazon need to collect taxes in states where they don't have a'll presence. those retailers help minimize that presence by shipping across statelines, like putting processing facilities in new jersey and shipping into new york, using services like fedex. fedex predicts this cybermonday will be its busiest days ever. we're at a processing center, fulfillment? what's it like on the ground there? >> reporter: it has been crazy. passages have been flying around, documents being sorted. we're at a fulfillment center in the bronx and thousands of packages among the 22 million pagan -- packages ships today, an historic record. it's helping to lift
FOX News
Dec 2, 2013 8:00pm PST
percent of canadians are satisfied with their national health care program. it's financed through tax revenues that can reach as high as 50 percent of income. many canadians have come here for things like surgery because wait times are long. with all that in mind. jesse watters ventured out to talk with some canadians. >> socialized canadian health care, what exactly is that? >> i think our health care situation right now is pretty ridiculous. >> we pay a lot of tax but we get a lot for the tax that we pay. >> what's the highest tax bracket here in canada? >> probably 50 percent. >> 50? >> coming from a [ bleep ] homeless [ bleep ] person who gets no access to [ bleep ] health care i think it's a joke. >> you're not crazy about it, are you? >> what is your experience inter acting with the health care system? >> excellent. >> obama is trying to emulate the socialist health care. >> we have a socialist health care? >> i'm on my way to being tammy. my name is tom. >> obama is trying to emulate you. i think it's a train wreck. >> everybody blames canada. >> in this department we have home
FOX News
Dec 3, 2013 3:00pm PST
. with the smaller tax base, city leaders did not reduce the budget. under pressure from labor unions, they never reduced things like health benefits or bonuses. when the budget was in the red the borrowed. judge steven rhodes wondered out loud why this hadn't happened sooner as he made the historic ruling that detroit is eligible for chapter 9 bankruptcy. now pension, for more than 23,000 firefighters, police and other municipal employees are facing the potential of dramatic reductions. >> we're trying to be very thoughtful, measured and humane about what we have to do. what i can tell them is that the reality is there's not enough money to address the situation no matter what we do >> reporter: the american federation of state, county and municipal employees immediately filed a notification of appeal, noting that there is no insurance to act as a bock stop for city pensioners, they just lose money. also noting that judge rhodes determined the city did not bargain with pension representatives in good faith but there was no practical way to do so. >> we are disappointed with the fact that the jud
Dec 4, 2013 11:00am PST
that tax dollars are not going to be subsidizing abortions here. your reaction to their assertion? >> that is basically an outright lie, no tax money goes towards paying abortions. essentially they have this exact legislation that the state legislature approved last year. however, governor rick snyder vetoed it because it saddles women unnecessarily with extra costs. what woman ever ands the victim of a crime or potentially being raped? what they want to do in order to avoid having the governor sign the bill, they had to get 3% of michigan's population to sign a petition saying that they believe in this legislation. what's next, they have 40 days to get the legislature to pass it. and because the legislature has voted and passed this legislation it's likely they'll do it again. >> the assertion from -- let me play in her own words, genevieve martin. let's play what she said regarding tax dollars here. >> the impetus behind this is that we believe abortion is not health care and that tax dollars should not be going to subsidize abortion. this is not about the legality of abortion o
Dec 3, 2013 1:00pm PST
of access to state tax credit funding, the university concludes that it was not feasible to proceed with the affordable housing projects on block 7. >> thank you. >> okay. we had a question about commission's -- i apologize i thought i had a question about the developer's obligations or how the developers default so we're good. okay. so obviously i think everyone understand that the next big document that we're going to see is the ground lease and that will also answer a lot of our questions as to how this transaction will work but are there any other questions about the dda or release in assignment so can i entertain a motion? >> i think that i'm sure they will do a good job. they want to move this item. >> excellent. is there a second. thank you very much madam secretary will you call role? >> madam chair johnson. >> 4 ayes and one absent. >> the assumption is that vote goes with the changes that we discussed. thank you very much. madam chair will you call the next item. >> public comments on non agenda items madam chair? >> is there any public comment? we have one? >> jes
Dec 4, 2013 2:00pm PST
-market even without the innovative of a tax exemption and 3 of the company's said we're coming because of the talent here in the city. i know they're to be matched with the talent of the people in g s a. we've wanted to work outside of our bureaucracies. this is the new government we're producing here locally and we want to match that we have great partner like our libraries and museums and we're going to compliment that. we can only do that to embrace the opportunity not only to make mistakes but better sufficiency and involve more people and housing and economic opportunity. this is what market street isal about it's our main corridor in san francisco. and that's why for so many years even before the companies technology came to be there were those artists from a.c.t., from the theatres, from the costume shop and their great arts foundation burning man they were trying to get some life 90 in the story front and with that risk-taking came some attraction but it's symbolic with the public-private partnership we help them and they us. my job and i know nancy pelosi has done it i'm follo
Al Jazeera America
Dec 6, 2013 10:00pm EST
the cities bound by land are bound by-laws. they have taxes and fire departments and local governments. >> some people say it could be a tax haven. it 345e nai notit may not be un. >> we do not anticipate we will flacflag the vessel under u.s. l have police force and fire protection and amenities that you need to provide in a land based city. there will not be real estate taxes but we need a revenue stream to provide for the services of the fuel and the crew and those will be dobb done condcondominium maintenance fee. we'll derrive fee basis for the commercial units that wil provie the safety and security of the ship and fuel and crews salaries as well. we have a social media question. >> maybe you can pick up the garbage floating in the sea and build a city on that. how will the ship be powered? do you have plans to build green? >> we have a fair amount of technology. it's going to be a showcase of environmental and green technology. and request respect to the blow propulsion they're electronic motors and we would require 100 bhaise100based on our tonnage. we are going to have inciner
Dec 2, 2013 2:00pm EST
incentives and tax penalty structure is exacerbating the crisis of unemployment in this country. my constituent, sandy from winston-salem, knows this firsthand. she contacted me to share how obamacare is impacting adjunct professors in north carolina community colleges. she said, our hours have been cut because of the unaffordable health care act. this legislation is the worst thing that could have happened to the average american. her story isn't unique. stories abound of community colleges working to figure out how they will manage to comply with obamacare's costly employer mandate. for some it means cutting part-time employee hours which shortchanges both workers and students. americans care about health care and they care about jobs. obamacare is the wrong solution for both. i yield back. the speaker pro tempore: for what purpose does the gentleman from texas seek recognition? mr. poe: i ask unanimous consent to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection, the gentleman from texas is recognized for one minute.
FOX Business
Dec 2, 2013 7:00pm EST
by online retailers to draw a new york state law that requires customers to pay a new york state sales tax, even if they are buying online. if you live in those states with sales taxes, you will have to pay the very same taxes as you would in one of those brick and mortar stores. much more is still ahead and we will take a look at the global hotspots ignored by the obama administration and the national media. revolution breaking out entirely. but what does the doctor and say? what does mr. obama say? and the president trying to keep congress from passing new sanctions against iran. we will be joined by ralph peters in k.t. mcfarland with the analysis. we will await results from cybermonday. jen rogers joins us to tell us what it means for the to be american economy and the global economy as well. we are coming right back. the obama administration touting dramatic improvements out of, and that is not what we are finding. we will be talking with the former director, tom scully, on what is really going on with obamacare. as a business owner, i'm constaly putting out fires. so i
FOX Business
Dec 3, 2013 6:00pm EST
look at tax payers wallets. an open-ended obligation of my money going to insurers to fix the problem because the poor planning of this administration. again, why is that? >> i think it's not just this, it's the whole law, and i think you're actually onto something there. because people have talked about whether this will work and how many people would enroll, will there be a so-called deathspiral and etc. gerri: president is willing to open the process and the task of these insurers to give them whatever they want. let's talk about how many times the price tags for this website has gone up. that is now a billion dollars. it seems as though they are not willing to say that we are going to end this plan and what they are willing to say is that we will spend what we have to to make it work. and i could be disastrous. >> that is correct. but they probably will do exactly that despite what they have to. but even without him i don't think what they are going to get is much more than something that looks like a bit more medicaid for a few more people at a very high price tag. and it's not g
FOX News
Dec 3, 2013 11:00am PST
for salaries, benefits, taxes, rent, all of the operation needed to run it. 15 crepts. so when the government says if you don't think you got insurance go ahead and call up the insurance company, load up the cost and if it reaches that 15% mlr cap, it gets a big fine. so these companies are saying, you crskruped up the website an you are requiring us to call up people and verify the correct data and now you are saying am i signed up? and they have to be unhappy because they know they are going to get hit with a big fine. >> it is unbelievable. you are talking about new information that people like you and me research this hardly know about. there are new reports that have reached 100,000 now. remember though, the goal was 7 million people 2.5 million had to be the young people to pay for everyone else. 127,000 now. are we going to make that mark? >> realize now, there are 121 days they are going to have to sign up 156,000 people a day to hit their target. they have to sign up each day more than half of what they signed up in november. the administration projected out of every 8 people who sig
FOX News
Dec 8, 2013 7:00am PST
handouts. he said lower the tax rate dramatically, 5% corporate and individual tax rate. school choice, education tax credits. various provisions to make it easier for people to invest in the inner city. he said, look, we tried government solutions. they haven't worked. so let's try market-based solutions, and that's his answer to a lot of these issues. i have to tell you, a steep road they have to climb. in detroit, for instance, in 2012, obama got 97% of the vote. mitt romney, 2%. >> does he actually believe the unemployment number? you know, there's been some speculation that it doesn't really accurately reflect what the situation is in our country? >> well, he points out the fact that for blacks, the unemployment rate is roughly double what it is for whites. and you know, regardless of what the statistics are, he understands there's a serious unemployment problem around the country but especially with minorities in the inner cities. he's saying that the typical liberal democratic solution is not the right way to go, that you need to go market-based and try something else because th
Dec 1, 2013 5:00pm PST
and problems with morning sun just about everything. taxes and death no count suggests the worst air and higher taxes. eu membership month it's as scotland can forget about it the trident nuclear program david cameron claims getting rid of it is a bad idea in case of north korea nuclear attack. my teeth and the roaming charges the immobile fellas if the split happens at the list is on its top the project here by the yes camp and they accuse the government of scaremongering stopped in to vote no and this is the white paper will prove that independence would bring about a jobs bill and a thriving economy concerns that resonate with voters this white paper answers some six hundred and fifty question and said that details give me the marquee their two main categories here one knows it will be negotiated during the transition period and another ideals to be made to become independent scottish government is in deed for warmth. they promise and eat a lot of breaking down of all the policies they want to pursue the system. what a sad little supply the hall to damaging wish list of policies at piecing s
Dec 1, 2013 6:00pm PST
the minute that this is laden with risks and problems with morning sun just about everything. taxes and death no count suggests the worst air and higher taxes. eu membership month it's as scotland can forget about it the trident nuclear program david cameron claims getting rid of it is a bad idea in case of north korea nuclear attack. my teeth and the roaming charges the immobile fellas if the split happens at the list is on its top the project here by the yes camp and they accuse the government of scaremongering stopped in to vote no and this is the white paper will prove that independence would bring about a jobs bill and a thriving economy concerns that resonate with voters this white paper answers some six hundred and fifty question and said that details give me the marquee their two main categories here one knows it will be negotiated during the transition period and another ideals to be made to become independent scottish government is in deed for warmth. they promise and eat a lot of breaking down of all the policies they want to pursue the system. what a sad little supply the hall to
Dec 2, 2013 8:30pm PST
of a looming consumption tax hike and keep the economy expanding the government will raise the tax from five to eight percent in april the increase is expected to dampen demand. a job proposal for the stimulus at the side about ten billion dollars to help japanese firms compete internationally. the money will promote the development of innovative drugs and support the expansion of smaller firms overseas the package also includes about three point two billion dollars in cash payments to people whose incomes are below a certain level. and the earmarks about one and a half billion dollars to ease the financial burden for homebuyers. the government will also spend ten billion dollars to accelerate the recovery in the pre schumer and other disaster hit areas. officials plan to finalize the measures in coming weeks. i'll compile an extra budget by mid december to carry out the stimulus now let's get a check on the market. us stocks ended lower on monday after retail sales during the thanksgiving weekend fell from a year earlier the dow jones fell almost half a percent to end at sixteen thousand an
Dec 4, 2013 7:00am PST
the transparency of the taxing illustration businesses develop with the help of state run programs as the two thousand twenty vistas brokeback industrialization programme exporter two thousand twenty produced in two thousand twenty as well. this is also reflected in increased tax revenues last year they rose by fifteen percent in about two three billion dollars this year we expect that these figures will be exceeded. don't assume the burden you with them when you went from the receiver. that is set to launch its second communication satellite cuts at three into space in two thousand fourteen and start production of its own satellites in two thousand fifteen. this is made by the deputy chairman of the kazakh national space agency mena been called the get go at the center communication service media briefing according to him the production will be launched in cooperation with colleagues from russia the modernization of the rocket launch facility is scheduled for two thousand the team. this will increase the capacity of missiles a completely replace the proton rocket. home edition is a thus we
Dec 5, 2013 8:00pm PST
's a lot of bulky telling you there. obviously the massive taxes on corporations. but no it does raise some allotted in this interesting points about the oneness the week ok one is of additional protest ok and on who's got the money to state what can and can't work on latino. going into this paypal is looking at receiving upwards of five million dollars in restitution for the crimes of alleged crimes committed by these activists and now they're looking at receiving around eighty k on it so a lot of people were building up the stable no paypal that all the time to go out there and say no. don't tackle these kids don't open in jail and pierre recently just made a statement this week saying are you in all lighted leniency for it that people fourteen. i was hoping that you know why i plead his case of the spring over a little bit in the attention has spread and most readers know not many people talk about is the irc a weapon is randomly taking so much for filling as an adult i are out feelers to your website are good outcome for the latest on all the presents. when your dear a pro business grou
Dec 2, 2013 5:00pm PST
the collection of online sales taxes. am ma'am son had sued over the taxes in states where the company lacks a brick and mortar store. online taxes of course big today by some estimates, 130 million of us went on line to take part in cyber monday. people are expected to spend more than $2 billion today, a record for one day online shopping. and by the way, we have a cyber monday shopping guide for you on our website. you'll find it at, look for it under seen on tv. >> black friday just a memory. getting more information now on cyber monday. >> michael fip anney is here fo that. >> have you done any shopping shall? i have a little. there is still time. >> millions of people are shopping today, but here is the question. why? people don't realize that cyber monday began when home computers were expensive and scarce. after a long weekend of shopping in the store, we would return to work on monday and continue shopping at work. so many of us did it that it became known as cyber monday. so with laptops, tablets, smartphones and free wi-fi, is there really a cyber hmonday left? there a
Dec 3, 2013 4:00am PST
law that forces amazon to collect sales tax from shoppers in the big apple. around the globe-- authorities are cracking down on counterfeit goods sold online. on the heels of cyber monday, 690 websites in the u.s. and overseas have been shutdown or redirected. authorities say scammers are taking advantage of the boom in online holiday shopping by selling fake merchandise. most sites that were shutdown sold items including headphones, sports jerseys, grooming products, shoes and electronics. the healthcare dot gov website has met the obama administration's self-imposed deadline for improvements -- that's latest word from the white house. kathleen sebellius, the secretary of health and human services, cautions users will still encounter problems during the next several months as repairs continue. by the numbers...the white house says the troubled site is now working 90% of the time --compared to 43% in october. 375-thousand people visited the site by noon monday. the president says the site it prepared to sign up 800,000 people per day. it can handle at 50,000 users at one time
Dec 4, 2013 11:00pm PST
reliable transportation. to secure that, they may have to approve a tax hike. >> i had to get off of the freeway to go back to get on b.a.r.t. to get to my event on time. otherwise, the event will probably be over by the time i would get here. >> reporter: kathy adams relies on b.a.r.t. and she has a lot of company. hundreds of thousands of people count on the system. but after 40 years, b.a.r.t. says the system is falling apart. >> we're doing or very best to do the preventative maintenance that needs to take place. but b.a.r.t. is aging. it's over 40 years old. and there's billions in reinvestments needed. >> reporter: the latest breakdown stranded hundreds of passengers. and sent nine people to the hospital with breathing problems. an electrical short caused an equipment malfunction. the emergency brake engaged on a moving train in a tunnel. stopping the train and sending dust into cars. cell phone video shows people helping one passenger who was passed out. >> people had a hard time breathing. >> reporter: b.a.r.t. says the 40-year-old train had maintenance in october and was
Dec 3, 2013 2:00am PST
much, bill. >>> well, the battle over sales tax for internet purchases heats up. >>> the most and least corrupt countries around the world. >>> plus, an eighth shark attack off the coast of maui in hawaii this season. this one is fatal. we'll have the details coming up next. ooh, homemade soup! yeah... [ male announcer ] campbell's homestyle soup with farm grown veggies. just like yours. huh. [ male announcer ] and roasted white meat chicken. just like yours. [ male announcer ] you'll think it's homemade. i love this show. [ male announcer ] try campbell's homestyle soup. before using her new bank of america credit card, which rewards her for responsibly managing her card balance. before receiving $25 toward her balance each quarter for making more than her minimum payment on time each month. tracey got the bankamericard better balance rewards credit card, which fits nicely with everything else in life she has to balance. that's the benefit of responsibility. apply online or visit a bank of america near you. >>> in the news this morning, a man fishing from a kayak off the coast of maui
Dec 4, 2013 2:00am PST
department watchdog is noted potential problems come tax season. the inspector general for tax administration says existing irs systems do not have the capability to detect fraud when it comes to the subsidies to help people buy insurance in the form of tax credits. the administration officials say the irs aggressively safeguards the systems to combat any fraud and as the affordable care act is no exception. >>> the result of paul walker's autopsy are expected to be released today. he and his friend were killed in a fiery and tragic car crash saturday just moments after this photo was taken at the fast and furious actor stepping inside a 2005 red porsche. walker said the actor was the passenger in that car. the autopsy is completed tuesday should officially confirm that. >>> investigatesors say they don't believe that walker and his friend were racing another car. speed is considered a factor in the crash. universal pictures said tuesday the production of "the fast and furious 7" is on hold. the company has not said how they might change the movie. it is die out july of next year. universal p
Dec 1, 2013 9:00pm PST
authorizing the tax collector attorney to file suit against responsible relatives to recover value of services rendered at hospital facilities operated by the department of public health. >> john gibner, deputy city attorney, sorry to interrupt the calling of the items. item 10 is an item that was sponsored by the tax collector. it's a resolution that requires board approval to allow the tax collector to pursue a certain claim for a recovery of funds. the item probably should -- will be considered in closed session by this committee at a future date, but today it was scheduled on the agenda under the settlement portion of the agenda and because this item isn't a settlement, we'd recommend that the committee continue this item to the next rules committee meeting when you can consider it in a separately agendized closed session. >> okay, any questions about that, colleagues? >> no. >> seeing none, can somebody make a motion to continue. is there any public comment on this -- which item, all of them? just 10, right? >> 10. >> any public comment on item number 10? seeing none, public comment is cl
Dec 2, 2013 9:30pm PST
for the last three years so i had to liquidate by 401 plan, i don't know how it's going to affect my taxes for next year, also the new health insurance law, i aoep not so sure how it will affect that. i was in hopes to get some money back to put into an ira in hopes to bring my income down for the year, but again, this is pretty much just a hardship case. >> thank you very much, any questions to the appellant, supervisor farrell? >> thanks for being here today. a quick question for you. have you talked to our department of public works? i know there's a question about a fee waiver. to be clear, that's what you're asking for? >> right, they did ask me about the deferral and i said no, i was going for the waiver or the reduction. >> okay, let me ask you a question then. in the alternative though, we can go through this process and we will right now with the waiver application. again, no one's prejudging anything here, given the way that things are going, i think it's doubtful. is a deferral something -- i would like to be as helpful as i can to ensure whatever we can do within the confines o
Dec 7, 2013 1:00pm PST
is the ad dishing tax revenues that we can use for affordable housing and the infrastructure. and i did want to congratulate transit on the new fleet of buses and they held an event at the terminal last week and director harper was there along with the general manager and the ac transit staff and it was the trip on the eline, i believe and the coaches are green colored and manufacturered locally and bringing jobs to the bay area and feature a number of amendies such as padded seats and overhead storage and reading lights, so congratulations a tasty transit and just that we have finished the celebrating veteran's day, i wanted to see if ted was here to give an update on the work that we have done with the veterans and given that we just remember the work that the veterans do, thank you. >> good morning. thanks for having me. i just wanted to give you an update on what has been happening in the last six months with respect to our work or veteran's hiring. as you know we have convened a number of roundtable kind of conferences working, leadings with different cvos and city agencies and veteran
Dec 4, 2013 5:00am PST
-cent sales tax dedicated to water and sewer infrastructure. hunter: that sales tax counts for about a third of the revenue of the department right now. franklin: we got 75% of the voters to agree to tax themselves so that their children and their children's children could have clean water because we're investing in it now. hunter: there were no alternatives. the infrastructure was in dire straits. a lot of people didn't want to believe it had to be done, but it had to be done. what came out of those lawsuits by the upper chattahoochee river keeper were two consent decrees, focused on overflows. the intent is, city of atlanta, you need to keep the flows in the pipe. narrator: with the help of the funding the city raised, atlanta has been implementing an asset management plan that evaluates and addresses their infrastructure issues. hunter: it's a continuum. at one end, you have your regular maintenance that you do every day on the system, and at the other end, long-term planning so that every year we're repairing, replacing the right things, and we don't have to do it all at once, which is,
Dec 3, 2013 2:00am PST
that affect all online shoppers. sales taxes and why you should be paying it. states lose $2 billion a year from uncollected tax from web users. the supreme court decided yesterday not to get involved in appeals from and the court let ruling from internet retailers to collect sales taxes even if they have no physical presence in the state. do you follow me? the issue effectively ends tax-free online shopping for lots of people. brick and mortar people say they are at a disadvantage when they have to collect taxes and online do not. it's different from state-to-state and it's just been a real mess there but supreme court is not going to weigh in on this. i want to give you a quick peek at the markets. dow and the major markets all fell after the black friday results showed that consumers spent less than last year. gold stock fell as well. concerns about the fed withdrawing -- using a big pull-back in gold this year. the ten-year treasury climbed again. it means higher mortgage rates likely and higher rates for car loans and the like. krispy kreme had a very bad day.
Dec 4, 2013 2:00pm PST
successful. there is corporate tax reform -- >> the problem is when you say tax reform you mean cutting taxes for the wealthy. >> no reforming the tax code to incentivize businesses to hire. >> but again, i would say you have a lot of blockaids in your own party. >> i want to get your take. on the former vice president dick cheney speaking out about the feud between his daughters. listen to this. >> we were surprised when there was an attack launched against liz on facebook. and we wished it had not happened. it was always dealt with in the family and we wish it was. >> it was launched against liz by her sister and her wife. >> this is a little godfatherish. we want to keep this in the family, but the irony here for dick cheney is that he is to the left of his own daughter who is running for the senate in the state of wyoming on the issue of gay marriage. he said that he believes in personal freedom and that he believes it's an issue that should be left up to the states and she has said i'm opposed to gay marriage. so he is more libertarian than he is. >> the family fuse within the family, an
FOX Business
Dec 2, 2013 4:00pm EST
internet sales taxes between amazon and overstock and new york state. it means that new york will continue to collect taxes from those online retailers. david: shares of dow chemical jumping after the company will sell the bulk of its coring operations, its oldest business, part of a plan to shed assets worth up to $4 billion. liz: managed care giant, unitedhealth group forecast estimates that fall short of analyst expectations following changes in medicare and other bought health programs. david: commuters heading home from new york this even being will face more disruption after the crash of the metro-north train in the bronx yesterday. four people were killed and dozens were injured. workers are still working to clear some of the weakage. "after the bell" starts right now. liz: on this first trading day of december let's break down today's action. we have david lutz, still nicholas managing director. he will tell us the top places to put your money right now, and lincoln ellis in the pits of the cme. lincoln, start with you. a little bit of retrenchment to the downside at the last secon
FOX News
Dec 6, 2013 5:00pm PST
new york times" editorialized, "the emphasis on cutting taxes and spending that began in the reagan years is a direct result of economic insecurity now. it has led, for spm, to education cuts that have harmed children in low-income school districts. reversing those decisions can still have an enormous impact." but under president obama, america's spending more money on education than any other nation in the world. also, taxes have been going up. and we have record debt. but the left wants more spending and even higher taxes. simply put, the big government spending machine has not helped the economy very much. but again, liberal theory trumps results. >> the idea that so many children are born into poverty in the wealthiest nation on earth is heartbreaking enough, but the idea that a child may never be able to escape that poverty because she lacks a decent education or health care or a community that views her future as their own? that should offend all of us. >> well, it certainly offends me. if children are not getting a good education or do not have proper health care, i'm offende
Dec 3, 2013 9:00am PST
it was said there's 100 to $150 million of uncollected taxes. you go back 10 years ago using the same numbers, it's not realistic. number one, a lot of those people are businesses that are no longer here. we need the number as it relates to taxes. the same thing holds true for empty houses. i see the number constantly at 78,000. that's not a right number. it's a moving number on a monthly basis but it's not near to 78,000. >> when you say -- >> that was detroit mayor dave bing speaking on the ruling moments ago that detroit can file chapter 9 bankruptcy. he'll be joining us later this hour. but first "twelve days of christmas" and only eight days of congress. it's december 3rd and this is "now." don't call it a comeback. house of representatives back in washington this week presumably to resolve pressing legislative issues but more likely to waste taxpayer dollars fighting over the same old stuff they have been fighting about all along. as typical congress has given itself very little time to get anything done. the two chambers are in session together for just four more days this year. that i
Dec 9, 2013 7:00am PST
with entitlements, the debt or tax reform and probably won't completely fix the sequester, but aides for senator patty murray and congressman paul ryan, the budget chairs working on the deal are at least determined to keep the government open and they think they can get the plan together for a vote later this week. one of the final sticking points in the deal could be unemployment. friday the unemployment rate dropped to 7%. that's the lowest since november of 2008. federal benefits expire at the end of the year and it's not clear if an extension would be included in any budget deal. >> i don't think we've reached that point where we've said this is it, take it or leave it. what i hear from patty murray, i spoke to her the other night, negotiations are making progress, moving in the right direction. >> i want to bring in our company, carrie budoff brown, ron fornier. good morning. >> good morning. >> carrie, is getting a deal done, if it does happen this week, a major milestone or is this the smallest possible thing they could do just to keep the government up and running? >> well, it's more sig
Dec 9, 2013 1:00pm PST
nothing. they have done nothing about the longterm entitlements. nothing about restructuring the tax code. nothing. so basically, both sides have agreed to just move along, essentially not replacing the sequester entirely. so i wouldn't call that a victory, unless you're subject to the -- the soft bigotry of low expectations. >> dana, i knew you were going to quote george w. bush on affirmative action. >> and, of course, they have -- they have punted on the issue that is of very immediate concern, and that is the need to help these people, as they always have been helped in a difficult job market as this is now. so it would be, i think -- it would be startling if they did nothing and had all these people losing their unemployment benefits right in time for the christmas season. >> and perry? >> key distinction, the republicans for a long time have favored reducing unemployment benefits. right now, under federal law, you have up to 73 weeks of unemployment benefits. that's why -- there's a number that's been high, because the recession has been so difficult and people have a hard time find
Dec 5, 2013 1:00pm EST
part that was far bigger than their tax revenues would ever be able to support. their original dream, they were going to be able to grow into that spending. they didn't. so they had to cut spending. were there incredible costs? absolutely. gdp sunk dramatically. terrible youth unemployment. but those things were going to happen anyways because the governments had been borrowing. and delivering to people a standard of living that their productivity level was never going to be able to support. so decision day was going to come at some point. that's what it's led to when you see the garbage piled up in greece and spain because people go on strike because they're mad about the budget cuts. but where's the money going to come from? >> absolutely. well, the money would come from more borrowing. >> right. >> but, you know, i still question whether or not they're going to be able to do that next year. what are you hearing? >> i think ireland is a slam dunk. i think they'll be aible to do it. portugal is still questionable. greece, it's going to be up to whether or not their european partners
Dec 3, 2013 9:00am EST
names. >> stocks up, too. you're not going to have that big tax loss fear. a lot of people saying i can find inexpensive tech, i don't need to go into the cloud. although apple is saying this is about ibm being wrong and apple being right. >> there has been an expectation of a china mobile deal. >> yes. >> unbeknownst to most people who hold the stock. that being said, 740 million china mobile subscribers, there is a fairly large audience they could conceivably be addressing to try to buy smartphones. >> do you remember the conference call that was the open rebellion against tim cook? it was withone of these things e i thought it was 1948 where stillwell had just lost china and now he's making a move. he did not lose china. >> we'll see. that fortune story has a lot of people talking about whether china mobile makes a big move in this direction, having not carried their phones till now. >> maybe samsung -- don't hear a lot about samsung having a revolutionary new phone. >> no, although they've got a lot of new patents, they're going to do the curve thing or fold thing. >> maybe they hav
Dec 3, 2013 6:00pm EST
that would work? >> sure. we have identified grants loans and tax benefits that could be used. let me start with a low-hanging fruit, tax benefits. the hope scholarship tax credit used to limit $120,000 in family income. that is the 80th percentile nationally. the obama administration which i worked 10 extended the higher education tax benefits for -- markedly and i think that is then a laudable accomplishment but it also increased the income level at which people can get an american opportunity tax credit formerly hope all the way up to $80,000 away from the 80th percentile to the 95th percentile. why are we providing tax benefits and that some $7 billion a year to folks in the top income quintile. why is it that mitt romney -- i have three, 529's but why can mitt romney get tax benefits attached to it when he is students need of pell grants? closer to an attack site but i think there are others in the committee's jurisdiction. >> that is an interesting concept and we may follow up with you. the other is financial incentives to borrowers that have ffel loans to get them to convert their de
Dec 5, 2013 12:00am EST
-time or full-time equivalent employees. to offer health insurance or pay an employer mandate penalty for tax. a critical issue is the definition of employee. but equally important is the issue of which and how many employees are attributed to the business. the answer may be simple for one business with a single owner. however, when an individual share ownership with multiple entity, or when a business has multiple owners, the answer is less clear. today we will exam the process of determining whether businesses are considered single or multiple entities under the health care law. which requires business owners to aggravate employees and could subject a business to the bureaucracy employer mandate. according to the national federation of independent business, 39% of small businesses 20 or more employees own at least 10% of one or more other businesses. to determine if the threshold of 50 or more employees has been met in these situations, the health care law utilizes the internal revenue service code controlled group businessing a gracious rules. which are complex and confusing even for most
Dec 8, 2013 3:10pm EST
investment for our tax payers? >> it is not spending, it's an investment. you are absolutely correct. >> thank you. >> thank you very much. >> i appreciate this opportunity. it's a fascinating conversation. i want to focus on the testimony of dr. robinson. hearing is important because it highlights the testimony of now moving as a away from a philosophy toward higher education that focuses only on access and starts to look at success. i'm a product of pell grants. i could not have graduated from wabash college without pell grants. i have lived the importance of these degrees great but the world has changed a lot in last 40 years. i would say the federal financial aid system is one of the great success stories in the history of the federal government. access, weal was provided access to higher education for people in this country like never before. the challenge is, when these programs started 40 years ago, access was enough. when you looked at the income potential is someone with just a little time in college, your income potential was higher. today, that has changed. if you don't gr
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